1. To efficiently and effectively administer and enforce sections 361.900 to 361.1035 and to minimize regulatory burden, the director is authorized to participate in multistate supervisory processes established between states or coordinated through the Conference of State Bank Supervisors, Money Transmitter Regulators Association, and affiliates and successors thereof for all licensees that hold licenses in this state and other states. As a participant in multistate supervision, the director may:
(1)Cooperate, coordinate, and share information with other state and federal regulators in accordance with section 361.918 ;
(2)Enter into written cooperation, coordination, or information-sharing contracts or agreements with organizations the membership of which is made up of state or fed
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1. To efficiently and effectively administer and enforce sections 361.900 to 361.1035 and to minimize regulatory burden, the director is authorized to participate in multistate supervisory processes established between states or coordinated through the Conference of State Bank Supervisors, Money Transmitter Regulators Association, and affiliates and successors thereof for all licensees that hold licenses in this state and other states. As a participant in multistate supervision, the director may:
(1) Cooperate, coordinate, and share information with other state and federal regulators in accordance with section 361.918 ;
(2) Enter into written cooperation, coordination, or information-sharing contracts or agreements with organizations the membership of which is made up of state or federal governmental agencies; and
(3) Cooperate, coordinate, and share information with organizations the membership of which is made up of state or federal governmental agencies, provided that the organizations agree in writing to maintain the confidentiality and security of the shared information in accordance with this section.
2. The director shall not waive and nothing in this section constitutes a waiver of the director's authority to conduct an examination or investigation or otherwise take independent action authorized by sections 361.900 to 361.1035 or a rule adopted or order issued under sections 361.900 to 361.1035 to enforce compliance with applicable state or federal law.
3. A joint examination or investigation, or acceptance of an examination or investigation report, does not waive an examination assessment provided for in sections 361.900 to 361.1035 .